Mogy Joel R Investment Counsel Inc buys $3,138,506 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Mogy Joel R Investment Counsel Inc scooped up 2,900 additional shares in Palo Alto Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 24,215 shares of Palo Alto Networks Inc which is valued at $3,138,506.Palo Alto Networks Inc makes up approximately 0.57% of Mogy Joel R Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… sold out all of its stake in PANW during the most recent quarter. The investment firm sold 16,135 shares of PANW which is valued $2,091,257. Parkside Financial Bank Trust added PANW to its portfolio by purchasing 61 company shares during the most recent quarter which is valued at $7,906.Quadrant Capital Group boosted its stake in PANW in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 23 shares of Palo Alto Networks Inc which is valued at $3,010.American Century Companies Inc reduced its stake in PANW by selling 416 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 5,742 shares of PANW which is valued at $752,604.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in PANW in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 11,800 shares of Palo Alto Networks Inc which is valued at $1,463,554. Palo Alto Networks Inc makes up approx 0.06% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

Palo Alto Networks Inc closed down -3.38 points or -2.56% at $128.4 with 7,85,341 shares getting traded on Monday. Post opening the session at $132, the shares hit an intraday low of $128.33 and an intraday high of $132 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Palo Alto Networks Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 26, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $345.80 million for the quarter, compared to analysts expectations of $339.86 million. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Reiterated by Dougherty & Company on May 27, 2016 to “Buy” and Lowered the Price Target to $ 200 from a previous price target of $215 .Shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform” and Lowered the Price Target to $ 185 from a previous price target of $195 .Palo Alto Networks Inc was Downgraded by Needham to ” Hold” on May 27, 2016.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s Next-Generation Firewall delivers application user and content visibility and control as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber-attacks. The Company’s PAN-OS operating system contains App-ID User-ID site-to-site virtual private network (VPN) remote access secure sockets layer (SSL) VPN and Quality-of-Service (QoS).

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